US crude oil futures closing the week at $56.78

Down -$0.39

The US WTI crude oil futures are closing the week at $56.78. That is down -$0.39 on the day. The high reached $57.35. The low reached $56.55.

For the week, the high extended to $57.92. The low for the week was on Monday at $55.66.

During the week, the price moved to the highest level since July 2nd and moved into a non-trending trading range between $56.51 and $62.58 (red line in the chart below). The low today held above the low range area. A move below next week, could be a clue the move higher has reached a limit (at least for now).